REGISTERED NUMBER: 04871082 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 August 2025

for

TERENCE GODDARD ASSOCIATES LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

26,620

28,005

Investments

5

306,316

194,713

Investment property

6

1,905,001

1,865,001

2,237,937

2,087,719

CURRENT ASSETS

Debtors

7

58,993

40,754

Cash at bank

1,177,501

1,133,108

1,236,494

1,173,862

CREDITORS

Amounts falling due within one year

8

89,329

51,307

NET CURRENT ASSETS

1,147,165

1,122,555

TOTAL ASSETS LESS CURRENT LIABILITIES

3,385,102

3,210,274

PROVISIONS FOR LIABILITIES

181,794

143,447

NET ASSETS

3,203,308

3,066,827

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

525,417

437,425

Retained earnings

2,677,791

2,629,302

SHAREHOLDERS' FUNDS

3,203,308

3,066,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2026 and were signed by:

T E J Goddard - Director

1.	STATUTORY INFORMATION

Terence Goddard Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04871082

Registered office:

34 St. Peters Street

Stamford

Lincolnshire

PE9 2PF

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Investment property

Investment properties are revalued annually by the director on an open market basis. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss. Deferred tax is provided for against the fair value movements.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and debt instruments are measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are initially measured at transaction price less attributable costs. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

80,113

Additions

5,100

Disposals

(1,762

)

At 31 August 2025

83,451

DEPRECIATION

At 1 September 2024

52,108

Charge for year

5,379

Eliminated on disposal

(656

)

At 31 August 2025

56,831

NET BOOK VALUE

At 31 August 2025

26,620

At 31 August 2024

28,005

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 September 2024

194,713

Additions

44,978

Disposals

(48,149

)

Revaluations

114,774

At 31 August 2025

306,316

NET BOOK VALUE

At 31 August 2025

306,316

At 31 August 2024

194,713

Cost or valuation at 31 August 2025 is represented by:

Other

investments

£

Valuation in 2018

60,693

Valuation in 2019

(17,122

)

Valuation in 2020

25,657

Valuation in 2021

141,305

Valuation in 2022

(53,975

)

Valuation in 2023

(117,785

)

Valuation in 2024

(27,355

)

Valuation in 2025

114,773

Cost

180,125

306,316

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

180,125

183,295

Fixed asset investments were valued on an open market basis on 31 August 2025 by the director .

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

1,865,001

Revaluations

40,000

At 31 August 2025

1,905,001

NET BOOK VALUE

At 31 August 2025

1,905,001

At 31 August 2024

1,865,001

Fair value at 31 August 2025 is represented by:

£

Valuation in 2017

120,501

Valuation in 2018

110,000

Valuation in 2019

40,000

Valuation in 2020

45,000

Valuation in 2021

30,000

Valuation in 2022

85,000

Valuation in 2023

(1,136

)

Valuation in 2024

105,000

Valuation in 2025

40,000

Cost

1,330,636

1,905,001

If the investments properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,330,636

1,330,636

The investment properties were valued on an open market basis on 31 August 2024 by the director of the company .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

58,993

40,754

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,178

988

Taxation and social security

79,423

43,208

Other creditors

7,728

7,111

89,329

51,307

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £217,000 (2024 - £144,000) were paid to the director .

Included within creditors at the year end is an amount of £5,088 (2024 - £4,693) owed to the director, T.E.J Goddard. This loan is interest unsecured, interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is T E J Goddard.